TIDMHSW

RNS Number : 2509D

Hostelworld Group PLC

01 March 2022

LEI: 213800OC94PF2D675H41

01 March 2022

Hostelworld Group plc ("Hostelworld" or "the Company")

Restricted Share Awards

Hostelworld announces that on 28 February 2022 the following shares in the capital of the Company were issued (via the Company's employee benefit trust) to Gary Morrison and Caroline Sherry (the "PDMRs") to satisfy the vesting of conditional share awards granted to the PDMRs on 27 April 2021 under the terms of the Company's Long-Term Incentive Plan.

As announced on 28 April 2021, the awards vest in two tranches. The first tranche (representing 50 per cent of the award) vested on 28 February 2022 and the second tranche (representing the remaining 50 per cent of the award) will vest on 28 February 2023. Vesting of the second tranche will be dependent upon the relevant PDMR being employed by Hostelworld as of the vesting date and satisfactory personal performance.

The Company also announces that today on 1 March 2022, the following shares were sold on the PDMRs' behalf to settle their withholding tax liabilities in relation to the vesting event.

The relevant notifications set out below are provided in accordance with the requirements of (i) Article 19 of the UK version of the EU Market Abuse Regulation which is part of UK law by virtue of the European Union (Withdrawal) Act 2018; and (ii) Article 19 of Regulation (EU) No 596/2014 of the Parliament and of the Council of 16 April 2014 on market abuse which has effect in Ireland.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                        (i) Gary Morrison 
                                   (ii) Caroline Sherry 
     ---------------------  ------------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position/status             (i) Chief Executive Officer 
                                   (ii) Chief Financial Officer 
     ---------------------  ------------------------------------------------- 
 b)   Initial Notification   Initial Notification 
       Amendment 
     ---------------------  ------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------ 
 a)   Name                   Hostelworld Group plc 
     ---------------------  ------------------------------------------------- 
 b)   LEI                    213800OC94PF2D675H41 
     ---------------------  ------------------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------------ 
 a)   Description            Ordinary Shares of EUR0.01 each in the capital 
       of the financial       of Hostelworld Group plc 
       instrument, 
       type of instrument 
       Identification 
       code                   ISIN: GB00BYYN4225 
     ---------------------  ------------------------------------------------- 
 b)   Nature of              Acquisition of ordinary shares pursuant to 
       the transaction        the vesting of conditional share awards granted 
                              on 27 April 2021 under the Company's Long 
                              Term Incentive Plan 
     ---------------------  ------------------------------------------------- 
 c)   Price(s) and             Price(s)         Volume(s) 
       volume(s)                     (i) Nil          (i) 215,199 
                                      (ii) Nil         (ii) 133,407 
                                                ------------------- 
     ---------------------  ------------------------------------------------- 
 d)   Aggregated             See 4(c) above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ------------------------------------------------- 
 e)   Date of the            28 February 2022 
       transaction 
     ---------------------  ------------------------------------------------- 
 f)   Place of the           Outside a trading venue 
       transaction 
     ---------------------  ------------------------------------------------- 
 g)   Additional 
       Information 
     ---------------------  ------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                        (i) Gary Morrison 
                                   (ii) Caroline Sherry 
     ---------------------  ---------------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position/status             (i) Chief Executive Officer 
                                   (ii) Chief Financial Officer 
     ---------------------  ---------------------------------------------------- 
 b)   Initial Notification   Initial Notification 
       Amendment 
     ---------------------  ---------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------- 
 a)   Name                   Hostelworld Group plc 
     ---------------------  ---------------------------------------------------- 
 b)   LEI                    213800OC94PF2D675H41 
     ---------------------  ---------------------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     --------------------------------------------------------------------------- 
 a)   Description            Ordinary Shares of EUR0.01 each in the capital 
       of the financial       of Hostelworld Group plc 
       instrument, 
       type of instrument 
       Identification 
       code                   ISIN: GB00BYYN4225 
     ---------------------  ---------------------------------------------------- 
 b)   Nature of              Sale of ordinary shares acquired upon vesting 
       the transaction        of conditional share awards granted on 27 
                              April 2021 under the Company's Long Term Incentive 
                              Plan 
     ---------------------  ---------------------------------------------------- 
 c)   Price(s) and             Price(s)             Volume(s) 
       volume(s)                     (i) GBP0.75          (i) 114,055 
                                      (ii) GBP0.75         (ii) 70,705 
                                                    ------------------ 
     ---------------------  ---------------------------------------------------- 
 d)   Aggregated             See 4(c) above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ---------------------------------------------------- 
 e)   Date of the            1 March 2022 
       transaction 
     ---------------------  ---------------------------------------------------- 
 f)   Place of the           Outside a trading venue 
       transaction 
     ---------------------  ---------------------------------------------------- 
 g)   Additional 
       Information 
     ---------------------  ---------------------------------------------------- 
 

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END

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March 01, 2022 10:30 ET (15:30 GMT)

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